Norway’s government has disappointed green groups by coming up with proposals for using the country’s $790bn oil fund that fall well short of expectations over increased renewables investments.
Although the government mandated the country’s sovereign wealth fund to invest more in environmentally-related stocks, critics say the new government directive does little to increase the actual impact of those investments with regards to renewable energy. Norway announced that stock investments made by the fund will grow from $5bn to about $8.4bn under the new mandate...............................................Full Article: Source